Hope you are doing well, all of you Guys!. I am configuring a loan product in Mifos 21 but I fail somewhere finding that the interest calculation is not the same as we expected. for example, Our calculation is, Principle = 4,000,000 Interest per year = 13%. The formula is 4,000,000 x (12+1) / 100. According to the formula the interest per year will be 280,000. 12 = loan term 1 = addition of one month 4,000,000 = Principal What I can do to have such a result. Please help is so important
Regards Simon mzava
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